Introduction to Modern Economic Growth is a groundbreaking text from one of today's leading economists. Daron Acemoglu gives graduate students not only the tools to analyze growth and related macroeconomic problems, but also the broad perspective needed to apply those tools to the big-picture questions of growth and divergence. And he introduces the economic and mathematical foundations of modern growth theory and macroeconomics in a rigorous but easy to follow manner.
After covering the necessary background on dynamic general equilibrium and dynamic optimization, the book presents the basic workhorse models of growth and takes students to the frontier areas of growth theory, including models of human capital, endogenous technological change, technology transfer, international trade, economic development, and political economy. The book integrates these theories with data and shows how theoretical approaches can lead to better perspectives on the fundamental causes of economic growth and the wealth of nations.
Innovative and authoritative, this book is likely to shape how economic growth is taught and learned for years to come.
Acemoglu has somehow found the time to write a new magnum opus. His Introduction to Modern Economic Growth is a whopping 1,169 pages. It covers the whol gamut, from the Solow growth model to the role of political regimes and institutions. Acemoglu explains the background to this textbook in his introduction:
“This book grew out of the first graduate-level introduction to macroeconomics course I have taught at MIT. Parts of the book have also been taught as part of a second-year graduate macroeconomics.”
"This is much more than a textbook on growth theory; it is a milestone in macroeconomics. It provides a unified approach to the study of economic dynamics, including a rigorous yet teachable background in recursive methods and dynamic optimization, and an impressive range of macroeconomic topics. What is most fascinating is the tour of the state-of-the-art literature on long-run development to which the author has been a leading contributor."--Fabrizio Zilibotti, University of Zurich
"This book will be a landmark in growth economics. Its scope and depth are remarkable, and the benefits of this new synthesis are clear. Many of the chapters are likely to prompt ideas for further research, and the book will be a major event for researchers and graduate students alike."--Jonathan Temple, University of Bristol
Kamer Daron Acemoğlu (born September 3, 1967 in Istanbul, Turkey) is a Turkish-American economist of Armenian origin. He is currently the Elizabeth and James Killian Professor of Economics at Massachusetts Institute of Technology and winner of the 2005 John Bates Clark Medal. He is among the 10 most cited economists in the world according to IDEAS/RePEc. His most cited article is "Colonial origins of comparative development" (2001).
He got his B.Sc. degree from the University of York, UK and his M.Sc. degree in Econometrics and Mathematical Economics and then his Ph.D. degree in 1992 from the London School of Economics. He was a lecturer in economics at the LSE from 1992-1993. Acemoğlu became a member of the M.I.T. faculty in 1993. He was promoted to full professor in 2000, and was named the Charles P. Kindleberger Professor of Applied Economics in 2004. He is a member of the Economic Growth program of the Canadian Institute of Advanced Research. He is also affiliated with the National Bureau of Economic Research, Center for Economic Performance, and Centre for Economic Policy Research.
His principal interests are political economy, development economics, economic growth, technology, income and wage inequality, human capital and training, and labour economics. His most recent works concentrate on the role of institutions in economic development and political economy.
Daron Acemoğlu is also the co-editor of Econometrica, Review of Economics and Statistics, and associate editor of the Journal of Economic Growth, and an editorial committee board member of the Annual Review of Economics. He was elected a Fellow of the American Academy of Arts and Sciences in 2006.
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